Intech Investment Management LLC Makes New Investment in Talen Energy Corporation $TLN

Intech Investment Management LLC purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,330 shares of the utilities provider’s stock, valued at approximately $873,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TLN. Flagship Harbor Advisors LLC bought a new stake in Talen Energy during the fourth quarter worth $27,000. Assetmark Inc. raised its position in Talen Energy by 581.8% during the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Neo Ivy Capital Management bought a new stake in Talen Energy during the third quarter worth $34,000. Advisory Services Network LLC bought a new stake in Talen Energy during the third quarter worth $35,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Talen Energy during the fourth quarter worth $39,000. 0.38% of the stock is owned by institutional investors.

Talen Energy Stock Performance

TLN stock opened at $364.74 on Monday. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.05 and a current ratio of 1.25. The company’s 50-day simple moving average is $353.84 and its 200 day simple moving average is $358.99. Talen Energy Corporation has a 52 week low of $246.95 and a 52 week high of $451.28. The company has a market capitalization of $16.56 billion, a PE ratio of -544.38 and a beta of 1.81.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $499.00 price target on shares of Talen Energy in a research report on Thursday, May 21st. BNP Paribas Exane assumed coverage on shares of Talen Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their price objective on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a research report on Thursday, March 19th. Finally, Barclays increased their price objective on shares of Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a research report on Tuesday, May 19th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $448.58.

About Talen Energy

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).